Global Gas & Electric, a monopoly operating in the northwest Philippines, is represented in the table below. Global’s executives would not provide you any more information than what's in this table,...

Global Gas & Electric, a monopoly operating in the northwest Philippines, is represented in the table below. Global’s executives would not provide you any more information than what's in this table, so you'll have to fill in the blanks. Fill in the table and use it to answer the following question. (The output is measured in thousands of kilowatt hours of electricity.)

Assume that if electricity is supplied by competitive firms, the market price is 55 and the quantity supplied is 8 (‘000 KWHs)? What is the amount of the deadweight loss to society of producing electricity by monopolist Global Gas and Electric?

(It is helpful to have a graphical illustration based on the data above so you could calculate easily the DWL.)

Extracted text: Output Price TR MR TC ATC Profit 110 90 144 29 -3 42 80 300 56.75 261 89 40 60 301 348.5 55 55 450 -23.5 10 90 2345 O789